India: Administration of Equity Investment for Smart Joules Private Limited
The transaction involves the administration of an equity investment of up to the Indian rupee equivalent of $2,000,000 to be provided by the Asian Development Bank (ADB) Ventures Investment Fund 1 in Smart Joules Private Limited (SJPL) in India. Consistent with the establishment arrangements for the fund, ADB will not invest its own capital alongside the fund.
Project Details
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Project Officer
Mellor, Dominic P.
Private Sector Operations Department
Request for information -
Approval Date
8 December 2020 -
Country
India -
Sector
- Energy
| Project Name | Administration of Equity Investment for Smart Joules Private Limited | ||||||||||
| Project Number | 54450-001 | ||||||||||
| Borrower/Company | ASIAN DEVELOPMENT BANK |
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| Country | India |
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| Location | Nation-wide | ||||||||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Energy / Energy sector development and institutional reform |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||||||
| Responsible ADB Department | Private Sector Operations Department | ||||||||||
| Responsible ADB Division | Office of the Director General, PSOD | ||||||||||
| Responsible ADB Officer | Mellor, Dominic P. | ||||||||||
| Project Sponsor(s) | |||||||||||
| Description | The transaction involves the administration of an equity investment of up to the Indian rupee equivalent of $2,000,000 to be provided by the Asian Development Bank (ADB) Ventures Investment Fund 1 in Smart Joules Private Limited (SJPL) in India. Consistent with the establishment arrangements for the fund, ADB will not invest its own capital alongside the fund. | ||||||||||
| Objectives and Scope | |||||||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 14 Sep 2020 |
| Credit Committee Meeting | 03 Dec 2020 |
| Approval | 08 Dec 2020 |
| Last PDS Update | 09 Dec 2020 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Administration of Cofinancing Equity Investment in Smart Joules Private Limited: Report and Recommendation of the President | Reports and Recommendations of the President | Dec 2020 |
| Administration of Cofinancing Equity Investment in Smart Joules Private Limited: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Nov 2020 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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